Rarely available brick corner building in highly desirable Irving Park neighborhood consisting of 8 units and 2 store fronts. All units currently occupied and all on month to month leases with potential to raise these low rents asap. Each unit and store front has individual furnaces! Upgrades include new rubber roof 1 year ago, 2 new porches within the last 2 years, tuckpointing done in 2012, Hot water heater 5 years old, almost all new electric, recently remodeled hallways. Building consists of 4 large 2 bedroom units with dining rooms, 3 large 1 bedroom units with dining rooms & 1 studio all in pretty well maintained shape.
Multi-familyProperty Type
1924Year Built
6,534 sq ftLot Size
Listed by Alia Kolovic• Century 21 Circle
Bought with Jose Campoverde• Chicagoland Brokers, Inc.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Cook County
APN
13144260330000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
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Garage
—
Features
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Last updated by owner on Apr 9, 2023.
B3-1
Community Shopping District
The primary purpose of the B3, Community Shopping district is to accommodate a very broad range of retail and service uses, often in the physical form of shopping centers or larger buildings than found in the B1 and B2 districts. In addition to accommodating development with a different physical form than found in B1 and B2 districts, the B3 district is also intended to accommodate some types of uses that are not allowed in B1 and B2 districts. Development in B3 districts will generally be destination-oriented, with a large Percentage of customers arriving by automobile. Therefore, the supply of off-street parking will tend to be higher in B3 districts than in B1 and B2 districts. The B3 district permits residential dwelling units above the ground floor. The B3 district is intended to be applied to large sites that have primary access to major streets. It may also be used along streets to accommodate retail and service use types that are not allowed in B1 and B2 districts. The B3 district can be combined with the dash 1, dash 1.5, dash 2, dash 3 or dash 5 bulk and density designations (see Sec. 17-3-0401).
Permitted uses
Include but are not limited to:
Automotive repair garage
Day care facility
General retail
Restaurant
Housing-Senior
Mixed use
Office
Library
Post office
Veterinary clinic
Property details
Interior
Heating & Cooling
Central Heating with Individual Controls, Forced Air Heating
Central Air Conditioning, Central Individual Air Conditioning
Multi-Family Information
# of Units: 10
Tenant Pays Air Conditioning, Tenant Pays Electric, Tenant Pays Heat
Unit 1 Information
# of Units of Type: 4
# of Rooms: 5
# of Beds: 2
# of Baths: 1
Monthly Income: $850
Maximum Monthly Income: $900
Unit 2 Information
# of Units of Type: 3
# of Rooms: 4
# of Beds: 1
# of Baths: 1
Monthly Income: $800
Maximum Monthly Income: $800
Unit 3 Information
# of Units of Type: 1
# of Rooms: 3
# of Beds: 1
# of Baths: 1
Monthly Income: $500
Maximum Monthly Income: $500
Unit 4 Information
# of Units of Type: 1
# of Rooms: 1
Monthly Income: $3,000
Maximum Monthly Income: $3,000
Unit 5 Information
# of Units of Type: 1
# of Rooms: 1
Monthly Income: $1,450
Maximum Monthly Income: $1,450
Exterior
Building Information
Built Before 1978
Age: 51+ Years
Lot Information
Dimensions: 59X117
Zoning: MULTI
Property Information
Parcel Identification Number: 13144260330000
Financial
Financial Information
Tax: $23,276
Tax Year: 2016
Total Monthly Income: $10,890
Total Annual Income: $130,680
Gross Rental Income: $130,680
Gross Rent Multiplier: 12.8
Net Operating Income: $77,480
Cap Rate: 4.62
Finance Code: Cash
Location
Location Information
Township: Jefferson
Directions: N on Kimball, W on Irving park to property
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Cook County
APN: 13144260330000
Home facts updated by county records on Apr 8, 2023
Other
Expense Information
Total Annual: $53,200
Electricity: $2,400
Listing Information
Possession: Closing
Seller Concessions: Yes
Seller Concessions Amount/Points: 5000
Around this home
Schools
Murphy Elementary School
Public PreK-8 • Assigned • 0.3mi
6/10
Roosevelt High School
Public 9-12 • Assigned • 0.8mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Chicago, IL • 60618
Average low and high temperatures (°F)
31
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39
25
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62
44
68
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87
70
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80
61
69
52
52
39
38
25
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Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.